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- W2040334573 abstract "The purpose of this paper is to reexamine, for the U.S., the statistical validity of the inverted Fisher hypothesis as proposed by Carmichael and Stebbing (1983). This is done using a new data set on expected inflation reported by Lahiri et al. (1988) and by estimating augmented versions of the hypothesis by incorporating the role of uncertainty about expected inflation as measured by its variance and higher-order moments. Our results support the hypothesis for the entire sample period, 1968:IV–1985:IV as well as for the two sub-periods. This result sharply differs from that of Barth and Bradley (1988) who reported that the hypothesis did not hold for the second sub-period. Further, unlike them, we do not find any evidence of a structural break between the two periods." @default.
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- W2040334573 date "1991-02-01" @default.
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- W2040334573 title "Interest rates, inflation expectations and the inverted Fisher hypothesis" @default.
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- W2040334573 doi "https://doi.org/10.1016/0378-4266(91)90040-s" @default.
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